FAKE MEAT SUCKS

Normally when a stock is down 50% from its highs and they SMASH earnings and guides up, while profitable, the stock would rally. Not today, not BYND.

Beyond Meat beats by $0.02, beats on revs; guides FY19 revs above consensus; as expected, reports a quarterly profit for first time ever

At around 30x sales, no one gives a shit about BYND until the stock is $50. At $50, investors will get long and wait for growth to kick in, just like what happened with SHAK years ago.

In summary, Le Fly sold his BYND position before the bell not because he was smart or knew anything, but because it made no sense for the stock to be down 50% in a segment of the market that is growing fast. Investor appetite is nil because the hands are weak. The hands are weak because the people who own the stock are poorly educated morons. The smart money is sidelined because they hate the product and the valuation.

I am the most humble person you’ll ever meet. At the same time, I am the best trader in all of America. Do you see how this is a very difficult position to be in — humble yet really great at something? I try to help by feeding people fish, opting to not waste their time with “stock market lessons” that only serve to aggrandize myself. If you cannot hit the 100mph fastball, why bother training for it? You cannot do it.

I just closed out another trade, making my winning streak 19 out of my last 23, 9 for my last 10.

TJX +2.4%
SGEN +17%
(PIR -15%)
NAV +8.9%
(NET -13.5%)
STMP +19%
ARWR +6.4%
GME +5.1%
TROV +9.9%
TROV +9.9%
MNK +7.8%
BBBY +9.3%
(MLNT -10%)
CARB +2.7%
PDD +12.46%
LULU +1.5
(NVCR -10.3%)
LPG +3.6%
EW +2.6%
ANTM +3.1%
SPOT +16.8%
OKTA +4.6%
BYND +2.96%

That’s what winning looks like. Do I feel bad that you cannot do the same? Absolutely not. I offer you access to my computer mind for a fraction of what it costs you to keep up your alcohol, drugs, and consumerism addictions. If you want to continue to delude yourselves and think that you can in fact match what I am doing — be my guest. However, a smart man always delegates to others who are better, thinner, greater. This is the purpose of Exodus — the great delegator to a Master Ace Trader, who is both kind and magnanimous with his picks. I keep a steady flow of winning ideas going each and every day. Hell, even when I am losing, I win.

I took on 4 more fresh fish today.

This is who I am pal, and you are most certainly nothing.

EW +2.6% ANTM +3.1% SPOT +16.8% OKTA +4.6%

I do not intend to poke fun at you, only my enemies. You know who you are. I went out, ventured into the cold blackness of the ocean, and brought back 4 fish to fillet and to shove inside the faces of people and here they are.

Were they the best fish?

Yes, absolutely. These are the best fish. Who else was fucking long SPOT into today’s meltup? Exactly, so fuck off.

What does this chart mean to you?

Think about the year you were born and where the S&P was back then compared to now. Had your parents invested smartly and kept with it, think about the wealth that could’ve been created. Now extricate yourself from your end of days forecast. How will this chart looking 50 years from now when you’re just about dead?

Some think the market will be 650,000, others believe zero. I suppose we cannot compare the 70s to today, since we have already levered up the sovereign balance sheet to $23 trillion in debt, thanks to two wonderful decades of war and tumult. But we are the best gain in town. Population is still increasing in America and we have a strong racket going.

Think about how stupid most people were 50 years ago, opting to keep their money in the bank instead of stocks. Those fucking bozo clown morons died broke because they never had the balls to step in and to be a man. Don’t follow in the footsteps of your loser family members from yesterday. Invest in stocks for the long term too, not just trading in and out like a foolish accordion playing monkey.

Markets are at record highs. The expectation is an earnings trough now and acceleration into 2020. Don’t kill the messenger.

Happy Monday.

Gents (this is a men’s blog only),

I am delighted to give you news of a great tragedy. The austere scholar and founder of the group formerly know as ISIL, al-Baghdadi, was killed last night in an American raid. While the loss of this avid soccer fan and religious icon will be missed, markets seem to like it, as Nasdaq futures are +28. Because of this, and I speak only for myself here on iBankCoin, I am celebrating the death of this man tonight, over some gimlets.

WaPo’s actual obit for a terrorist monster:

“austere religious scholar w/ wire-frame glasses”

“Mr. Baghdadi maintained a canny pragmatism”

“Acquaintances would remember him as a shy, nearsighted youth who liked soccer but preferred to spend his free time at the local mosque” pic.twitter.com/XFFBnUsHEO

— Elizabeth Harrington (@LizRNC) October 27, 2019

Holy shit this is real

Washington Post Obituary for Baghdadi

“Abu Bakr al-Baghdadi, austere religious scholar at helm of Islamic State, dies at 48”https://t.co/rF8B3ZCbCa pic.twitter.com/VNbAMvvWbZ

— Comfortably Smug (@ComfortablySmug) October 27, 2019

Islamic State leader Abu Bakr al-Baghdadi transformed himself from a little-known teacher of Koranic recitation into the self-proclaimed ruler of an entity that covered swaths of Syria and Iraq https://t.co/CNI5XBsoai

— Bloomberg Politics (@bpolitics) October 27, 2019

While other nations are disgusted by our American brand of media, I am incredibly grateful for all of their efforts, as I do admit finding joy and laughter in the psychosis of others. “The Fly” is a gregarious chap and sees the bright side in all things, which is why I am so amiable. In the olden days here on iBC, I was a cantankerous meddlesome force, dark and evil, always banning persons from commenting on the site. Not today. iBC is a beacon for freedom and expression. If you wanted to praise the evil man Trump whilst declaring al-Baghdadi to be an awful individual, you can do so here without reprisal.

Good evening.

You might not know it, and that is why you read me and aren’t the one doing the writing, but the fate of SAAS stocks are indelibly intertwined with the destiny of the market. There is so much invested into this one sector that its survival and state of being is central to the risk appetite of the whole. You might eschew them in your portfolios, because you’re small minded miscreants, but rest assured you need them to profit from your other bozo stocks.

We are all friends here, are we not?

1 week returns for my select SAAS basket.

The Exodus Application Software oscillator, predictive when extreme levels are reached, as was the case a fortnight ago.

Not much else to say. I’ve got a lazy Saturday planned, started with some Barrel Ass Frenched Toast and Eggs in a Basket. I will probably read, maybe go to a park, and then cook some pasta for dinner. This evening I might go gimlet, dirty martini or maybe Irish Whiskey. This is still up for debate.

Enjoy your day.

I lost money in my trading account and in my Quant. If I was new to stocks, like some of you younger punks soiling the comments section or worse — LURKING — I’d be scared. But I am not scared, because I am brave. I am brave because I am confident. I am confident because of my track record of resiliency. I am resilient because I grew up inside of a sewer and always wanted better things. I didn’t like the sewer because it restricted me to a sub-group of sub-humans who only enjoyed sex, drugs, and wanton degeneracy. I didn’t like any of that because I’ve always been introspective.

Stocks sucked today and the broader indices were deceptive.

My trades the past two weeks.

TJX +2.4%
SGEN +17%
(PIR -15%)
NAV +8.9%
(NET -13.5%)
STMP +19%
ARWR +6.4%
GME +5.1%
TROV +9.9%
TROV +9.9%
MNK +7.8%
BBBY +9.3%
(MLNT -10%)
CARB +2.7%
PDD +12.46%
LULU +1.5
(NVCR -10.3%)
LPG -3.6%

The losses are larger than usual, but the overall results are good. Since May I’ve closed out ~350 trades and have netted a percentage gain of ~22%. My win rate isn’t that good, about 64%. However, I’ve been able to produce solid returns due to my discipline in removing myself from bad trades quickly. That’s all it takes — slightly better than average win rate with German like discipline to guide you towards winship.

If you want to learn how to do this and how to turn your shitty accounts into something greater, so that you too can escape the sewers, start trading now and spend the next 20 years of trial and error and then you’ll be an expert. OR, you can join Exodus.

Your call.

Although my stocks aren’t doing too great today, I can comfortably say, with a lot of comfort and ease, stocks are going to climb higher from here until Thanksgiving. People are so fat and greedy, they won’t be able to help themselves to another serving of gravy.

Breadth is only 66% today, fooling people with the market racing higher and middling internals. Days like this make people depressed and wanting to kill themselves.

“Why can’t my stocks go up too?”

Breadth is at 66% fucked face. Quit looking at the indices.

At any rate, I had a late afternoon, trying to get back into shape in anticipation of end of days. I need to get stronger and more vibrant, in order to kill people with my bare hands when the time comes. I now reside in a southern territory where roads are literally named after certain BBQ flavors. There is also a road called Jones Pork Sausages, or something close to that. Most of the people here are from the north, so that isn’t much fun. But every once in a while I run across some true southern gentry, and they are in fact entertaining — like circus animals clowns in suits.

I took a 10% loss in NVCR today and might trim some more in a few other non-participating names. Most of what I thought would play out today isn’t; but it is a Friday and I should temper my expectations.

I bought a fuckload of high beta, scandalous trading stocks today — because we’ve bottomed. Although sour on the SAAS sector last week, today they look perfect, just like Trump’s call to the Ukraine. Because of this, I bought a variety of names. But I also hold onto several that I bought the other day.

I can ramble on about how awesome of a job it is to trade or how I’ve always known this to be the single best talent of mine, even greater than writing good prose. But that would be repetitive, so I won’t bore you with that. What I will tell you is that stocks are good, and do not call the “stonks” you fucking millennial retards. Also, let’s stop pretending technical analysis works — because it doesn’t. What you’re actually doing when examining charts is finding patterns based on human psychology. Look, the kerosene lamp produced light, but electricity did it better. You sifting thru charts, by hand, is stupid and you should be whipped at the gibbet for it. Real men, men of industry and substance, subscribe to Exodus to automate this process.

On this issue of Exodus 2.0, we are coming along. It is a very hard and arduous task to build a world class piece of software that will defecate on all others. We are perfectionist and I will ensure the launch will be nothing less than stellar.

Stocks are up. Spirits are high. Le Fly is fully invested.

It has been a long haul for SAASFAGS out there. The predictable repeatable sages from San Francisco had a brief pause and subsequent plunge, those fuckers are back in style today. Look at those fucking gains.

Will this rally continue?

Absolutely.

There have only been a handful of -25% drips in SAAS the past decade. Look at the far right hand column of that picture above. We’re there and I declare, with the might and braun of a hungry lion trapped inside of a cage with weak beta males, this sector has bottomed.